Today's News

Vancouver, BC, March 9, 2015--(T-Net)--Carmanah Technologies announced today that Evan Brown will join the Company as Chief Financial Officer and Corporate Secretary.

Over the past 15 years Evan Brown has held senior financial positions both in Canada and internationally.

Evan, originally from Victoria, BC, obtained his Chartered Accountant designation in British Columbia and early in his career was part of Deloitte's audit team in Bermuda.

In 2005 he joined Goldman Sachs in Grand Cayman where he remained until 2011 when he took a position with York Capital in New York.

In 2012 Evan returned to Canada and most recently was Vice President with State Street, where he managed a group of financial professionals providing hedge fund accounting and administrative services.

“I am delighted that Evan will join Carmanah”, said John Simmons, CEO. “We have plans to significantly grow Carmanah organically and by way of strategic acquisition. Evan's broad experience and obvious capability as a senior financial professional will most certainly contribute to our ability to engage these growth plans in a prudent manner.”

Evan Brown and his family will relocate to Victoria imminently. His appointment is effective April 1, 2015.

Carmanah's current Chief Financial Officer, Stuart Williams, will remain with the Company as Corporate Controller.

“Stuart Williams stepped into the CFO role at my request during a very difficult period in Carmanah's history,” said John Simmons. “Through this period Stu has worked tirelessly and has been a significant contributor to the turnaround that is happening at Carmanah. I am delighted that he will remain with the Company and be part of our future growth plans.”

About Carmanah Technologies Corporation

Since its founding in 1996, Carmanah has become one of the most trusted names in solar technology, delivering reliable and cost-effective solar powered products and systems for industrial applications worldwide. To date, Carmanah's solutions for marine navigation, airfield ground lighting, aviation obstruction, roadway illumination, parking lot lighting, as well as on and off-grid power generation, have been successfully deployed in over 400,000 installations in 110 countries with proven performance in conditions ranging from desert heat to arctic cold.

In 2013, through shareholder led initiatives, the company was restructured under the leadership of CEO John Simmons, while the Company's largest shareholder, Michael W. Sonnenfeldt, became non-executive Chairman. Carmanah's current board members demonstrate their belief in Carmanah's future by having been the largest investors in each financing since the restructuring and now, as a group, own the majority of Carmanah's issued and outstanding shares.

This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties. Examples of forward-looking information in this news release include, but are not limited to, statements with respect to the Company's backlog and the ability to deliver these orders, and estimates of revenue for the period. For additional information on these risks and uncertainties, see Carmanah's most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company's website at www.carmanah.com. The risk factors identified in Carmanah's AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.

Headquartered in Victoria, British Columbia, Carmanah produces a portfolio of products focused on energy optimized LED and solar technologies. We design, develop and distribute energy efficient LED solutions for infrastructure including: signaling...